X5 Group to acquire Victoria Baltia.

X5 Group, a food retailer, agreed to acquire Victoria Baltia, the operator of Victoria stores in the Kaliningrad Region, Moscow and the Moscow region, Deshevo stores in the Kaliningrad Region, as well as two distribution centres and a CASH hypermarket in Kaliningrad. Financial terms were not disclosed. “The Kaliningrad Region is an exciting market that has high growth potential for X5 Group’s business, while alsohaving a unique profile. In particular, it offers a limited number of locations to open new stores. The deal to acquire Victoria and Deshevo stores will help to consolidate our position in the Kaliningrad Region while improving the logistics support for our stores in this market,” Igor Shekhterman, X5 CEO.